Canary Litecoin ETF (LTCC)

Canary Litecoin ETF is an exchange-traded product from Canary Capital that holds litecoin directly. Its objective is to reflect the price of litecoin, less the trust's expenses, giving investors exposure to the cryptocurrency through a conventional brokerage account rather than a crypto exchange or wallet.

Litecoin is a peer-to-peer cryptocurrency created in 2011 by Charlie Lee as a variation of Bitcoin's code. It uses a proof-of-work mining system with the Scrypt hashing algorithm and produces blocks faster than Bitcoin, which was intended to support quicker payments.

The fund's litecoin is held with a third-party custodian, and its value is typically calculated by reference to a benchmark price drawn from major spot trading venues. The product does not use leverage or derivatives to obtain its exposure.